Fast tracking next-generation leaders critical for success says DeloitteDOWNLOAD
3 July 2012: The importance of depth of leadership in assisting organisations successfully navigate today’s challenging business conditions, is one of the key trends in Human Resources (HR), according to professional services firm Deloitte. This has led to a greater emphasis on fast tracking the next generation of business leaders.
In the global report, “Human Capital Trends 2012: Leap ahead”, high-potential leaders are identified as being able to operate on a global scale, adapt quickly to change, and have the depth and breadth of skills and experience to work across industries.
Andy Peck, Deloitte Consulting Human Capital partner, believes many companies are being challenged to accelerate the development of their most promising leadership talent, in order to develop the next generation of leaders which will drive future growth.
“Leading organisations are now becoming clearer about the importance of nurturing high potential leaders. What distinguishes these leaders from the rest of the pack are their leadership attributes and the value can they provide to drive a company’s growth.”
“Fast tracking the development of next-generation leaders requires an integrated approach as individual programs that are not coordinated often send mixed messages which can increase retention risks,” said Mr Peck.
“For HR leaders, their goal is to identify next-generation candidates with the potential to quickly develop the required depth and breadth of capabilities. These people are normally the best of the best and should be nurtured accordingly,” said Mr Peck.
The report identified five reasons driving the accelerated leadership development trend: